OBLIGATION ADN CONTRACT

1. Statement 1: A contract of loan for P1,000 need to be in writing to be enforceable. Statement 2: If the contract is totally or partially executed, the Statutes of Frauds still apply.*

A.Only the first statement is true.

B. Only the second statement is true.

C. Both statements are true.

D. Both statements are false.

2. S entered into a contract with B for the sale of "all the grains stored in the warehouse" of S. The phrase "all the grains stored in the warehouse"*

A. includes the grains that are stored in the warehouse of S

B. includes the grains that are stored in the warehouse of S except those which belong to other persons.

C. includes the grains that S will choose to sell to B.

3. One day, you overheard Namjoon and Jungkook, your classmates, discuss what they have learned from their law course. They saw you, and tried to help you prepare for the exam by testing how much you learned from the same course. Namjoon said, "There is no delay in obligations not to do." While Jungkook said, "Delay is applicable only to the debtor, never to the creditor." Which statement/s is/are correct?*

A. Namjoon's

B. Jungkook's

C. Both of their statements are correct.

D. Neither statement is correct.

4. Haru obliged himself to give Cein P10,000 if Cein does not swim across the Pacific Ocean.*

A. The obligation and the condition are void.

B. The obligation is demandable at once.

C. The obligation is divisible.

D. None of the above